Wex
Is laying off 375 employees, accounting for 5% of its total workforce.
PayPal
Will eliminate up to 85 employees based in Ireland, the company announced.
Rapyd
Is reportedly laying off around 30 employees in Israel and will move positions to other regions to cut costs.
C2FO
Cut 16 employees in its supplier resource management department as it focuses on automation.
Chegg
Is reducing its global headcount by 23% in a major restructuring effort as the online learning platform aims to become a “leaner” operation.
StackPath
Is closing up shop and liquidating its assets. The number of employees affected is currently unknown.
Unit
Is reducing its headcount by 15% as the company attempts to “think in longer time frames,” the company announced in a blog post.
Loop
Is making more cuts, co-CEO Carey Anne Nadeau announced on LinkedIn. The number of employees impacted is currently unknown.